Webster Limited has further diversified and strengthened its horticultural operations with the acquisition of the Sandy Valley almond property in NSW. Webster acquired the 934.7-hectare property for a total consideration of $16.8 million. Sandy Valley is located close to Webster's existing walnut operations at Tabbita in the Riverina district of NSW. The property includes stage one and stage two almond plantings totaling 260 hectares planted, with 2 and 3-year-old trees. Stage one harvesting has commenced. Stage two will be harvested for the first time in 2019. The property also includes potential for further planting of some 460 hectares. Webster will retain the existing management team at Sandy Valley, who will work closely with management of Webster's horticultural business. The acquisition will be funded from Webster's existing debt facilities.